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Jobless claims drop exceeds expectations
Reuters via Chicago Tribune ^ | Reuters

Posted on 02/14/2013 6:19:25 AM PST by John W

WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to a continued steady improvement in labor market conditions.

Initial claims for state unemployment benefits dropped 27,000 to a seasonally adjusted 341,000, the Labor Department said on Thursday. The prior week's claims figure was revised to show 2,000 more applications received than previously reported.

Economists polled by Reuters had expected claims to fall to 360,000.

A Labor Department analyst said claims for Illinois and snowstorm-hit Connecticut had been estimated. Nevertheless, because most claims are filed online, the blizzard that slammed the East Coast appeared to have little effect on the broader claims data, he said.

(Excerpt) Read more at chicagotribune.com ...


TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: jobless; recovery; unemployment; unexpected
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1 posted on 02/14/2013 6:19:29 AM PST by John W
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To: John W

how many were added to disability?


2 posted on 02/14/2013 6:22:13 AM PST by GeronL (http://asspos.blogspot.com)
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To: John W

Oh, joy! Happy days are here again ping


3 posted on 02/14/2013 6:23:07 AM PST by Puppage (You may disagree with what I have to say, but I shall defend to your death my right to say it)
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To: John W

Comrades, celebrate as all is wonderful under the Dear Reader. That is an order.


4 posted on 02/14/2013 6:23:17 AM PST by ScottinVA (Gun control: Steady firm grip, target within sights, squeeze the trigger slowly...)
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To: John W

How many didn’t file because of the storm?


5 posted on 02/14/2013 6:25:32 AM PST by IMR 4350
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To: John W

It’s funny that when numbers are worse they blame the weather, but when the numbers are “better”, they don’t blame the weather.


6 posted on 02/14/2013 6:26:23 AM PST by woweeitsme
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To: John W
...the blizzard that slammed the East Coast appeared to have little effect on the broader claims data...

Hmmm... Prior to the election, we were told that hurricane Sandy was responsible for the increase in jobless claims that occurred that time.

7 posted on 02/14/2013 6:27:23 AM PST by kidd
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To: John W
How many states haven't reported?
8 posted on 02/14/2013 6:27:46 AM PST by EGPWS (Trust in God, question everyone else)
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To: woweeitsme

One good thing about Obama. He consistently lies anders the media YO fo so likewise. People have caught on and he has painted himself into a corner where almost no one believes him or the MSM anymore (well at least the people with functional brains).


9 posted on 02/14/2013 6:29:35 AM PST by jsanders2001
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To: woweeitsme

One good thing about Obama. He’s consistent. He consistently lies and orders the media to do so likewise. People have caught on and he has painted himself into a corner where almost no one believes him or the MSM anymore (well at least the people with functional brains).


10 posted on 02/14/2013 6:30:37 AM PST by jsanders2001
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To: ScottinVA

Republicans wake up and support American jobs.

Please.

The Dems are working against American interests, and the media is in bed with them to snow American readers.

The economy is falling apart.

Yet we see puff pieces like this, claiming things are somehow, in some dreamland “good”.

Things are not good. We are selling our souls to Chinese communists. Communists.

The Dems I expect to do so. Republicans however, should be patriotic.

Bring back American jobs. Stop building up our strongest enemy ever. Wake up people!


11 posted on 02/14/2013 6:30:44 AM PST by Cringing Negativism Network
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To: John W

Estimate for a couple of states, and then “seasonally adjust” on top of that? Mumbo-jumbo squared.


12 posted on 02/14/2013 6:32:19 AM PST by jiggyboy (Ten percent of poll respondents are either lying or insane)
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To: John W

In the Soviet Union they used to say no one was actually starving because tractor production was up. It was always up, up so much every man, woman, and child on the planet should have had their own tractor.

One reason first time applicants to unemployment insurance are always below expected is that the States cannot handle the load and have backlogs of applicants that wait up to 90 days to get processed for their claim.

Another interesting question, with all the people that have dropped out of working and with all the people that have already been laid off over the past 4 years, how come the numbers are still so high? Is it because everyone is working short time jobs like temporary or contract? There are actually fewer full time workers now.


13 posted on 02/14/2013 6:35:28 AM PST by CodeToad (Liberals are bloodsucking ticks. We need to light the matchstick to burn them off.)
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To: John W

There are 5 million less people with jobs today than at any time during the Presidency of George W. Bush.

The number of people with jobs in America has decreased steadily under Obama. His Presidency has never experienced a period of net job growth.

http://data.bls.gov/timeseries/LNS11300000


14 posted on 02/14/2013 6:36:50 AM PST by LucianOfSamasota (Tanstaafl - its not just for breakfast anymore...)
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To: John W

When jobs added exceeds jobs lost, that’ll be news.


15 posted on 02/14/2013 6:37:09 AM PST by carriage_hill (AR-10s & AR-15s Are The 21st Century's Muskets. Free Men Need Not Ask Permission!)
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To: John W
"A Labor Department analyst said claims for Illinois and snowstorm-hit Connecticut had been estimated."

So, we are seasonally adjusting number we just pull out of thin air. And then crowing about it. "The government further announced record wheat harvests this year"

16 posted on 02/14/2013 6:41:13 AM PST by circlecity
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To: EGPWS

43 out of 57.


17 posted on 02/14/2013 6:45:33 AM PST by Hoodat ("As for God, His way is perfect" - Psalm 18:30)
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To: John W
to a seasonally adjusted 341,000...

Exceeds expectations? What an Understatement!!

I was expecting the number to come in at 1,341,000 claims, so in my book, this was 1,000,000 BELOW my expectations... Congratulations are in order for a job well done, Happy days are here again

18 posted on 02/14/2013 6:49:32 AM PST by C210N (When people fear government there is tyranny; when government fears people there is liberty)
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To: woweeitsme

Next week, when it is revised, that will be the excuse.


19 posted on 02/14/2013 6:50:22 AM PST by ican'tbelieveit (School is prison for children who have commited the crime of being born. (attr: St_Thomas_Aquinas))
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To: circlecity

Interesting that, last time they had a better than expected (drink!) report, they estimated California.

Illinois and California are both in about the same econimic straits.


20 posted on 02/14/2013 6:50:52 AM PST by Cletus.D.Yokel (*Catastrophic Anthropogenic Climate Alteration: The acronym explains the science.)
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